featured

WASHINGTON, July 2- New orders for U.S. factory goods fell more than expected in May on weak demand for transportation and electrical equipment, a sign that manufacturing remained mired in a soft patch. The Commerce Department said on Thursday new orders for manufactured goods dropped 1.0 percent after a revised 0.7 percent decline in April.

Mad Money's Jim Cramer, discusses the good and bad news on Eaton's earnings miss this quarter, with Sandy Cutler, Eaton Corp., CEO, saying this is the first time in a decade we missed estimates, but we are still confident.